Wadi Degla Developments marks 20-year with ambitious plans for 2025
Updated 1/28/2025 4:24:00 PM
Arab Finance: Wadi Degla Developments celebrated its 20th anniversary by announcing major achievements and ambitious plans for 2025 during its annual press conference, as per an emailed press release.
The company, which started in Egypt’s real estate market in 2005, has delivered 12,000 units to 18,000 families and highlighted its mission to provide high-quality living solutions.
Raymond Ahdy, CEO of Wadi Degla, emphasized the company’s resilience during challenging times, including rising construction costs in 2024. The company increased its capital by 121%, from EGP 520 million to EGP 1.149 billion, to secure resources and keep projects on schedule.
A key announcement was the separation of EgyConst, its construction arm, into an independent entity. This move allows EgyConst to expand its reach and secure new contracts.
Meanwhile, EgyPro FME, Wadi Degla’s facilities management subsidiary, was fully integrated into the company’s structure. EgyPro manages over 3.5 million square meters across Egypt and is recognized as a leader in the field.
In 2024, Wadi Degla achieved over EGP 5 billion in sales and delivered 1,500 residential units. For 2025, the company aims to double its sales to EGP 10 billion and deliver another 1,500 units.
Expansion plans include a partnership in Saudi Arabia for “Club Town” projects, which combine sports clubs with residential compounds for family-friendly living.
The company also won the “Innovation in Human Capital Management Award” at a conference in Riyadh, showcasing its commitment to workforce development.
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